NetJets Ends Middle East Fractionals Partnership

NetJets has ended its franchise agreement for fractional-jet-share services with National Air Services (NAS) of Saudi Arabia, which has been known as NetJets Middle East. The companies had renewed a three-year joint-venture agreement in November 2009, and it’s unclear why NetJets opted to cancel the deal prematurely. The fractional provider, a division of Warren Buffett’s Berkshire Hathaway, said it will provide alternative solutions to its shareowners who need to fly in this region.

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““The charter industry needs to become much more efficient…We need to take a page from the airlines’ code-sharing agreements…Part 135 charter [operators] could review each other’s schedules, use each other’s airplanes.”
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